Market Overview
Home Prices in Elmore, OH
The median home value in Elmore, OH is $231,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.4% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmore are priced43% below average. Elmore is part of the Toledo, OH metro area.
Over the past five years, Elmore home values have risen by approximately20.7%, reflecting strong long-term appreciation in this market.
Price History
Elmore Home Price Trend
City Comparison
Elmore vs. National Median
At $231,852, homes in Elmore cost 43% below the national median of $410,000. This makes Elmore a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elmore?
20% Down Payment
$46,370
on $231,852
Monthly P&I
$1,209/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,535/mo
incl. taxes & insurance
Income Needed
$61,400
gross annual (30% rule)
10% Down Option
$23,185
+ PMI applies
Loan Amount (20% dn)
$185,482
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elmore, OH?
The median home value in Elmore is $231,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.4% year-over-year.
How much have home prices changed in Elmore?
Over the past year, home values in Elmore have decreased by 1.4%. Over five years, prices have risen approximately 20.7%.
How much do I need to earn to buy a home in Elmore?
To comfortably afford the median home price of $231,852 with a 20% down payment ($46,370) at today's rates (6.8%), you'd need a gross annual income of approximately $61,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmore compare to the national average home price?
The national median home value is approximately $410,000. At $231,852, homes in Elmore are 43% below the national average.
What metro area is Elmore part of?
Elmore is part of the Toledo, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.